Swedish financial investor EQT has agreed to acquire German fibre-optic network operator inexio from Warburg Pincus and other shareholders. Financial details were not disclosed.
The company, which offers high-speed internet access to more than 110,000 customers and 6,000 companies, aims to reach two million households with FTTH connections by 2030, serving one million customers.
The inexio fibre-optic network, which covers more than 10,000km, currently reaches more than 300,000 households, in particular in southern and south-western Germany. The focus is on rural and suburban areas.
Subject to approval by the Federal German Cartel Office, the transaction is expected to close in Q4 2019.
According to industry insiders, inexio competitor Deutsche Glasfaser is also currently preparing its sale. EQT could purchase Deutsche Glasfaser and merge it with inexio, according to the sources. Vodafone is also considered to be interested.